EASYOFFICE

Purchase of Property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 August 2010 Dear Sir,

The value of property (House/Land) purchased shown in Balance Sheet should include registration charges & stamp charges or only we should take sale consideration amount?

Thanks in advance
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
20 August 2010 All assets incurred to purchase the house and expenditure on transfer paid by the buyer should be capitalised under fixed assest.
Profile Image

Shaik Shair Ali

Profile Image

Shaik Shair Ali (Querist)
20 August 2010 Thanks
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
20 August 2010 U can also thank by using the thank user icon.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links